Member Info for wizard125

That's a big claim without any oil?

Not as much as it is going to cost Jimmy!

I understand that even Sedoc has closed his short after the ride he had last year with the EWT.

I think his calculations are the way they have been as he is till dizzy from last year but has managed to roll off his short before it takes off this year.

Here is another unresearched swampy article from the Motley Fool who does not even mention planning on 11.9. 2019 if the writer does not know about planning he does not know anything about UKOG.

https://www.fool.co.uk/investing/2019/09/04/why-the-ukog-share-price-rose-13-in-august/

If I remember correctly Lorraine Inglis was the swampy who borrowed a share certificate or bought 1 UKOG sare to attend the UKOG agm in March or April 2018 & went on to make issues & stories up out of the agm.

I would avoid her but why let a good story get in the way of sloppy journalism it is true that UKOG will drill 3 wells but all permitted.

HH2/2Z & HH1/Z the usual unresearched articles that spread lies & misinformation creating mistrust in genuine companies going about there law abiding business.

Unfortunately many want to make more of the lies & misinformation to further there own agenda.

Read & weep Lorraine for your 15 minutes of fame!

900 for is Fool power thanks to all the great work from the eyes.

Keep it up guys & take no notice of the 'Numpty Swampies' who dis you there comments only suit there own ajenda.

The more you show the unhappy they are the more they troll.

Thorpedo

The other thing to remember is that the finance companies will not necessarily want to start converting share straight away & will take time to implement.

So a lot of scaremongering going on from DHC as usual!

I has sent a copy of the article to drill or Drop asking them to set the record straight after all there scaremongering.

As expected no comment from that as ever independent Dillir Drop?

mrcautious is getting very brave!

Ohmetoe

Just thinking even the reaction from David Bramill at a interview at the investor show last year with the ironic comment of hands up for remain says it all really.

Even with the oil price falling this is more than being made up by the level of the pound against the Dollar at about $1.20.

Ohmetoe

The other consideration is that once the CPR for Horse Hill is released UKOG as the operator can can raise funds to develop its other assets from the net asset value turning the value from £15-18 in the ground into about £40 per barrel of oil after costs.

Happy days ahead.

Ohmetoe

With regard to your comment about a buyout of UKOG.

I think the company structure would allow a sale or buyout of individual parts without the need for the sale of the whole company.

The other option is farm outs forfaster development.

MRPlumper

I can but I can not guarantee that the UKOG share price will be where it is now.

Forwarnd is forarmed imo.

Gl.

Ohmetoe

I presume the report you are referring to is detailed in this article.

https://www.ft.com/content/e634753c-c401-11e9-a8e9-296ca66511c9

The UK will not need such large emergency reserves ones UKOG has published it's reserves in thee Weald & IOW.

One day UKOG could be paying a 1p or more per share dividend every year.

A great reward for loyal UKOG supporters who have been though thick & thin with the company who have no debt at present time to repay out of revenues.

This will make the growth & rewards all the sweeter when they come.

Hopefully sooner than later when the NAV kicks into take the strain!

Free-Money

I think your right.

The last RNS of the 9th August said the target was 2 weeks & 14+9 should be 23rd August.

The site looks ready for the rig.

I think we are on the move.

Free-Money

mrcautious

Well said! but as you are no longer in UKOG can we kindly ask you to go & mind your own business somewhere else.

HH has been a long hard haul for UKOG.

Apart from all the work on site UKOG has had to buy out other partners here & in other licences & put together planning applications in for other licence for future developmet.

Once UKOG has 100% of HH & the wells starting to flow at HH with the planning permission it should start to be a more down hill ride after the uphill battles of the last couple of years as apart from PEDL 143 UKOG owns virtually 100% of all other licences now.

Good times coming.

https://drillordrop.com/2019/08/20/licensing-system-criticised-after-two-ukog-pedls-extended/comment-page-1/?unapproved=133292&moderation-hash=dcdbbab4cacf13c160fe8ef46378f50d#comment-133292

I have commented that maybe the OGA should take the planning away from local authorities & grant all permits with the licence in line with government policy to stop the NIMBY's.